Possible OPEC+ endgames and baseline resets

Today’s podcast, hosted by Sean Evers, featured Omar Najia (BB Energy), Robin Mills (Qamar Energy), and Marc Ostwald (ADM Investor Services International). The discussion explored China’s 5% growth and falling inventories, the surge in oil “on the water,” OPEC+ supply strategies, U.S.–China rare earth tensions, and Fed rate cuts. Despite bearish signals, speakers saw longer-term bullish drivers for oil.